What Is The Current and Historic Market Size Analysis Of The Form Automation Software Market?
The form automation software market has seen considerable growth due to a variety of factors.
• The market size of form automation software has seen a significant surge in the past few years. It is projected to increase from $16.94 billion in 2024 to $20.55 billion in 2025, with a compound annual growth rate (CAGR) of 21.3%.
The previously observed growth has been due to factors such as the heightened need for efficiency, the increasing demand for digital transformation, an increase in the amount of paperwork, initiatives for cost reduction, and the advent of robotic process automation (RPA).
What Are The Predictions for The Form Automation Software Market in the Coming Years?
The form automation software market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions suggest a massive proliferation of the form automation software market in the upcoming years. It's projected to escalate to $44.29 billion in 2029, with a notable compound annual growth rate (CAGR) of 21.2%.
This growth trajectory during the anticipated period can be credited to the advancement in security features, adaptability of workflow automation, emphasis on user experience (UX), compatibility with various software systems, and the crafting of industry-tailored solutions. Key upcoming trends identified for the forecast period are integration of blockchain for data security, a shift towards platforms with low code or no code requirements, automation fueled by artificial intelligence (AI), the implementation of hybrid cloud solutions, and the emergence of intelligent document processing (IDP).
Which Drivers Are Accelerating Growth In The Form Automation Software Market?
The continual surge in the use of cloud computing is projected to propel the form automation market. Cloud-based services, which function by the provision of computing resources and applications via the Internet, let users access and implement them remotely without requiring extensive hardware or infrastructure in their premises. The rise in cloud computing adoption is linked to aspects like scalability, cost-effectiveness, improved collaboration, enhanced flexibility, and growing demand for remote access to data and applications. Form automation software aids in the digital conversion of traditional paper-based processes, thereby making workflows more efficient and advocating for the adoption of cloud-based computing by decreasing dependence on physical infrastructure and facilitating integration with cloud platforms. For instance, Eurostat, a statistical office of the European Union based in Luxembourg, reported in December 2023 that the percentage of enterprises using cloud computing services in the EU rose by 4.2% points from 2021 to 2023, with 42.5% of them selecting these services, mainly for e-mail, file storage, and office software. Consequently, the rising adoption of cloud computing is ushering the expansion of the form automation market.
What Are The Core Segments Of The Global Form Automation Software Market?
The form automation software market covered in this report is segmented –
1) By Type: Cloud Based, On-Premise
2) By Pricing Model: Subscription, One-Time
3) By Application: Invoices, Contracts, Employee Onboarding, Surveys And Feedback Forms, Other Applications
4) By Industry Vertical: Banking Financial Services And Insurance (BFSI), Retail And E-commerce, Telecommunication, Education, Media And Entertainment, Healthcare, Other Industry Verticals
Subsegments:
1) By Cloud-Based: Saas (Software As A Service) Form Automation, Cloud Form Builders, Cloud-Based Workflow Automation
2) By On-Premise: On-Premise Form Automation Software, Self-Hosted Form Automation Solutions, On-Premise Workflow Management Tools
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Which Emerging Market Trends Are Altering The Form Automation Software Industry?
Prominent organizations within the form automation software industry are enhancing their focus on creating advanced offerings such as internet-based forms and workflow automation software, in an effort to streamline data collection and generate leads efficiently. These terms refer to software systems aiming to improve the development, administration, and handling of digital forms, and to automate any related workflows and procedures. For example, in September 2023, U.S. company Jotform Inc., specializing in online form creation, introduced Jotform for Salesforce on the Salesforce AppExchange platform. The platform delivers a cohesive, powerful form automation solution incorporating a no-coding-required form builder, an e-signature tool, a mobile app creator, approval workflows, an automated report generator, Salesforce integration, and object mapping. This development represents a notable technological shift in the form automation software market, offering smooth Salesforce integration, diverse industry solutions, enhanced efficiency, and user-friendly utilities. This marks a significant step towards market innovation and wider adoption of the technology.
Who Are the Key Players In The Form Automation Software Market?
Major companies operating in the form automation software market report are:
• Microsoft Corporation
• IBM Corporation
• Adobe Inc.
• Rockwell Automation Inc.
• OpenText Corporation
• Zoho Corporation Pvt. Ltd.
• Monday.com
• Nintex Group Limited
• KiSSFLOW
• JotForm Inc.
• FormStack LLC
• ProcessMaker
• K2 Software Inc.
• GoCanvas
• GoSpotCheck
• ProntoForms Corporation
• Pardot LLC
• Process flows
• GoFormz
• Cognito LLC
• Forms On Fire Inc.
• Kizeo SAS
• Device Magic
• iFormBuilder
• PaperForm
• PerfectApps Inc.
• Capptions.com
What Are The Regional Insights Into The Form Automation Software Market?
North America was the largest region in the form automation software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the form automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
